My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
SA 2017-001
Clerk
>
Resolutions
>
SUCCESOR AGENCY (formerly known as Community Redevelopment Agency)
>
2017
>
SA 2017-001
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/8/2018 12:31:01 PM
Creation date
1/3/2018 9:30:24 AM
Metadata
Fields
Template:
City Clerk
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
34
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
EXHIBIT A TO EXHIBIT 4 <br />discovered or become aware of such Seller's Representation Matter shall promptly give written notice <br />thereof to the other party and Seller's representations and warranties shall be automatically limited to <br />account for the Seller's Representation Matter. Buyer shall have the right to approve or disapprove any <br />such change and to terminate this Agreement by written notice to Seller if Buyer reasonably <br />disapproves any such change. If Buyer does not elect to terminate this Agreement, Seller's <br />representation shall be qualified by such Seller's Representation Matter and Seller shall have no <br />obligation to Buyer for such Seller's Representation Matter. <br />(c) Buyer's Representations and Warranties. In consideration of Seller entering <br />into this Agreement and as an inducement to Seller to sell the Real Property, Buyer makes the following <br />representations and warranties as of the date hereof and at and as of the Closing, each of which is <br />material and is being relied upon by Seller (and the truth and accuracy of which shall constitute a <br />condition precedent to Seller's obligations hereunder), and all of which shall survive Closing: <br />(i) Buyer has the legal power, right and authority to enter into this <br />Agreement and the instruments referenced herein, and to consummate the transaction contemplated <br />hereby. <br />(ii) All requisite action has been taken by Buyer in connection with <br />entering into this Agreement and the instruments referenced herein; and, by the Closing, all such <br />necessary action will have been taken to authorize the consummation of the transaction contemplated <br />hereby. <br />(iii) The individuals executing this Agreement and the instruments <br />referenced herein on behalf of Buyer have the legal power, right and actual authority to bind Buyer to <br />the terms and conditions hereof andthereof. <br />(iv) Neither the execution and delivery of this Agreement and the <br />documents and instruments referenced herein, nor incurring the obligations set forth herein, nor the <br />consummation of the transaction contemplated herein, nor compliance with the terms of this <br />Agreement and the documents and instruments referenced herein conflict with or result in the material <br />breach of any terms, conditions or provisions of, or constitute a default under, any bond, note or other <br />evidence of indebtedness or any contract, indenture, mortgage, deed of trust, loan, partnership <br />agreement, lease or other agreement or instrument to which Buyer is a party or by which any of Buyer's <br />properties are bound. <br />(v) Buyer is required to maintain the property, including trash and weed <br />abatement, as necessary, after the transfer of title to the property to the Buyer is completed. <br />(d) Subsequent Changes to Buyer's Representations and Warranties. If, prior to the <br />Closing, Seller or Buyer should learn, discover or become aware of any existing or new item, fact or <br />circumstance which renders a representation or warranty of Buyer set forth herein incorrect or untrue <br />in any respect (collectively, the "Buyer's Representation Matter"), then the parry who has learned, <br />discovered or become aware of such Buyer's Representation Matter shall promptly give written notice <br />thereof to the other party and Buyer's representations and warranties shall be automatically limited to <br />account for the Buyer's Representation Matter. Seller shall have the right to approve or disapprove any <br />such change and to terminate this Agreement by written notice to Buyer if Seller reasonably disapproves <br />16 <br />
The URL can be used to link to this page
Your browser does not support the video tag.